For the Santa Barbara Real Estate area of West of State St for the first 3 months of ’09 the numbers of Home Estate/PUD sales is above the ’08 level but the median sold price is about $150,000 behind. The pending sales are even farther out in front this year but the gap between the median list prices is wider at $175,000. Unlike the other areas the numbers of new listings are below the ’08 level by about 15% and the median list price this year is about $65,000 below last year. Currently there are 87 Home Estate/PUDs available for purchase on the West Side of Santa Barbara with a median list price of $990,000 and an average list price of just under $1.2 million.
For the Santa Barbara Real Estatearea of West of State St for the first three months of ’09 2 fewer condos have sold this year compared to last year. Last year the median sales price for condos was about $600,000 but this year its closer to $520,000. The good news is the numbers of pending condos is up from 10 in ’08 with a median list price of $525,000 to 14 in ’09 with a median list price of $521,000. Just like with Home Estates the numbers of new listings is down for the district from 41 last year to 30 this year and the median list price is down from about $600,000 to about $550,000. Currently there are 52 condos available on the West Side of Santa Barbara with a median list price of $675,000 and an average list price of about $890,000.